Duncan Williams Asset Management LLC Purchases 620 Shares of Deere & Company (NYSE:DE)

Duncan Williams Asset Management LLC grew its position in shares of Deere & Company (NYSE:DE) by 43.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,062 shares of the industrial products company’s stock after acquiring an additional 620 shares during the period. Duncan Williams Asset Management LLC’s holdings in Deere & Company were worth $874,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DE. Livelsberger Financial Advisory purchased a new stake in shares of Deere & Company in the 3rd quarter worth about $32,000. Modus Advisors LLC bought a new stake in Deere & Company during the 4th quarter valued at approximately $32,000. Centennial Bank AR grew its holdings in shares of Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 84 shares during the period. Continuum Advisory LLC grew its holdings in shares of Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in shares of Deere & Company during the 3rd quarter worth approximately $47,000. 68.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DE. Oppenheimer lifted their price target on Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Jefferies Financial Group downgraded shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a research report on Friday, December 6th. Barclays boosted their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Citigroup decreased their target price on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their price target on Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $442.83.

Deere & Company Trading Up 0.9 %

NYSE DE opened at $478.90 on Friday. Deere & Company has a 12 month low of $340.20 and a 12 month high of $479.48. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The firm’s 50-day moving average is $438.55 and its two-hundred day moving average is $405.66. The stock has a market capitalization of $130.43 billion, a P/E ratio of 18.71, a PEG ratio of 2.84 and a beta of 0.98.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter in the previous year, the firm earned $8.26 earnings per share. The firm’s quarterly revenue was down 32.8% on a year-over-year basis. On average, sell-side analysts anticipate that Deere & Company will post 19.34 earnings per share for the current year.

Deere & Company Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a dividend yield of 1.35%. Deere & Company’s dividend payout ratio (DPR) is currently 25.31%.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.